The Bank of N.T. Butterfield & Son Limited (NTB)’s Stock Is Buy After Today’s Huge Increase

February 15, 2018 - By Nellie Frank

The stock of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) is a huge mover today! The stock increased 10.84% or $4.36 during the last trading session, reaching $44.63. About 952,887 shares traded or 191.50% up from the average. The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $2.44 billion company. It was reported on Feb, 15 by Barchart.com. We have $46.86 PT which if reached, will make NYSE:NTB worth $122.00M more.

The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) Ratings Coverage

Among 5 analysts covering Bank of N.T. B… (NYSE:NTB), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bank of N.T. B… had 8 analyst reports since October 11, 2016 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, October 6. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, May 31. Citigroup downgraded The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) on Monday, September 25 to “Hold” rating. The stock has “Hold” rating by Citigroup on Friday, September 22.

More notable recent The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) news were published by: Marketwatch.com which released: “Bank of Butterfield Ltd.” on September 15, 2016, also Businesswire.com with their article: “The Bank of NT Butterfield & Son Limited Announces Closing of Initial Public …” published on September 21, 2016, Nasdaq.com published: “Bank of NT Butterfield & Son Limited (NTB) Ex-Dividend Date Scheduled for …” on August 09, 2017. More interesting news about The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) were released by: Streetinsider.com and their article: “BANK OF NT BUTTERFIELD & SON LTD (NTB) Reports Acquisition of Global Trust …” published on October 25, 2017 as well as Businesswire.com‘s news article titled: “Pamela Thomas-Graham Joins Butterfield Board” with publication date: December 04, 2017.

The Bank of N.T. Butterfield & Son Limited, a community bank, provides various specialized financial services to individuals, and small to medium-sized and privately owned businesses primarily in Bermuda. The company has market cap of $2.44 billion. The firm accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. It has a 23.82 P/E ratio. The Company’s lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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